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By 2030, projections indicate that UPI will dominate the digital transaction landscape, accounting for a staggering 90% share and facilitating over 2 billion transactions daily. This trajectory signals a transformative shift, positioning UPI not merely as a payment option but as the preferred checkout method. To realize this vision, robust infrastructure is paramount, with banks needing to invest in scalable systems capable of accommodating the rapid market demand for UPI transactions. 
The UPI switch infrastructure plays a pivotal role in facilitating seamless communication between banks and NPCI for processing UPI payments, with the capacity to handle transactions at scale and introduce new UPI innovations for countless businesses. However, many banks currently rely on legacy UPI infrastructure stacks provided by Technology Service Providers (TSPs), impacting scalability, latency, and availability. This situation also impedes TSPs' ability to innovate quickly and tailor features for specific business needs. Banks are actively seeking modern technology partners to enhance innovation and address customer and business-centric challenges efficiently, marking a significant shift for businesses aiming to enhance customer experience through optimized UPI payment systems.



Razorpay introduces its UPI Switch, leveraging its advanced technology and cloud-first approach to empower businesses with a next-generation UPI stack, aimed at addressing evolving challenges and enhancing customer experiences. The platform's holistic infrastructure, including features like same-day support seven times faster than industry standards and real-time updates, is set to reshape India's payment landscape while improving retention rates and reducing acquisition costs for businesses.




Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Banks, said, "We're thrilled to announce our collaboration with Razorpay, aimed at providing our customers with a seamless, secure, and scalable payment experience. Our integration with Razorpay's UPI Switch, a cloud-based infrastructure for the most advanced UPI Stack, ensures 99.99% uptime and enables up to 10,000 transactions per second. As UPI transactions continue to surge, our collaboration sets a new standard for business payments, aligning perfectly with the vision of a digital India".



Khilan Haria, Head of Payments Product at Razorpay, said, "India has always been at the forefront of innovation in the digital payments ecosystem, and its possibilities have compounded in the last few years, thanks to the versatility of UPI. As a result, the country has been able to set a global standard, emphasizing the need to continually raise the bar with each advancement. Razorpay's UPI Switch is designed with a similar vision to provide scalability and best performance to businesses. This venture into UPI Infrastructure marks a strategic move to manage the end-to-end merchant experience and provide the industry's leading stack. With latency below 100 milliseconds, a 4-5% increase in success rates, and features customized to suit business needs, our switch is crafted to enrich the payment experience and ensure that businesses can now manage the surge in UPI transactions on any sale or non-sale day".



Razorpay unveils its UPI Switch, delivering merchants an unparalleled UPI experience bolstered by NPCI certification and poised to drive Turbo UPI and TPAP solutions. This strategic move into infrastructure underscores Razorpay's commitment to catalyzing UPI adoption nationwide and advancing India's journey toward a cashless economy.